Signaling a strong appetite for the Chinese e-commerce giant, shares in Alibaba have been priced at the top end of the range at 68 dollars ahead of a huge stock listing, a report said.
The share sale is expected to raise a record 21.8 billion dollars when trading starts on the New York Stock Exchange later on Friday, reported the BBC.
Alibaba accounts for 80 percent of all online retail sales in China.
At 167.6 billion dollars, Alibaba's value surpasses corporate majors like Walt Disney and Boeing.
The report said that the final amount raised from the share sale could change, depending on the final allotment allocation. If underwriters exercise the option to sell more shares, the money raised could climb up to 25 billion dollars, breaking the record listing set by Agricultural Bank of China in 2010 that raised 22 billion dollars.
